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Ameriprise Mistake-Need Advice on Vanguard Allocations and Planning

Bogleheads • View forum - Investing - Help with Personal Investments - www.bogleheads.org
Bogleheads,

The last two weeks have been brutal as I finally uncovered that my current Ameriprise FA had allocated my assets into way too many funds with exorbitant ER's. I have been devouring investment knowledge from this site and the recommended books nonstop. I cannot believe I have been this ignorant this long regarding basic investment strategies. However, I have no one to blame but myself. As someone who was in debt with very little savings until 14 years ago, the sting is even worse. This is a solid example of me at least 3X per day:

I am looking for the most sober and comprehensive assessments of current allocations and a path forward.

Emergency funds:Yes

Debt: Mortgage 20Year $330K at 3%

Tax Filing Status: Married Filing Jointly

Tax Rate: 39.6 Federal 6% State

State of Residence: Georgia

Age:43

Net Worth including residence $1.620MM

Cash holdings $70K

Desired Asset allocation: 75% stocks /25% bonds (not certain, though)

Desired International allocation: 20% of stocks (not certain, though)

This is our Ameriprise, Fidelity 401(K), Betterment and Scottrade brokerage Accounts which contain:

26% Taxable

74% IRA-Retirement

Total Invested assets $917K

Investment classes in Ameriprise Accounts:

CASH EQUIVALENTS $10,206.89 1.19%

PRINCIPAL PRESERVATION $509.59 .06%

BALANCED $91,326.91 10.69%

LARGE CAP STOCKS $208,217.69 24.37%

MID SMALL CAP STOCKS $122,527.18 14.34%

INTERNATIONAL STOCK $102,994.96 12.05%

WORLD STOCK $78,319.63 9.17%

HIGH YIELD FIXED INCOME $35,107.80 4.11%

INTERNATIONAL FIXED INCOME $37,504.92 4.39%

MULTI SECTOR FIXED INCOME $32,008.15 3.75%

SPECIALITY SECTOR$26,700.71 3.13%

REAL ESTATE $27,087.26 3.17%

LONG/INTERMEDIATE TERM $53,657.96 6.28%

ALTERNATIVES $28,261.37 3.31%

NON CLASSIFIED -$32.00 .00%

Individual Ameriprise accounts and holdings with ER's

45.5%

Spouse IRA:

Assets $418,413

FGRAX FRANKLIN GROWTH OPPTYS CL A 0.94%

FGRRX FRANKLIN GLOBAL REAL ESTATE CL A 1.44%

FHAIX FRANKLIN HIGH INCOME CL A 0.78%

FISCX FRANKLIN CONVERTIBLE SECURITIES CL A 0.86%

FKBAX FRANKLIN TOTAL RETURN CL A 0.91%

FKDNX FRANKLIN DYNATECH CL A 0.89%

FKGRX FRANKLIN GROWTH CL A 0.88%

FKINX FRANKLIN INCOME CL A 0.61%

FKRCX FRANKLIN GOLD & PRECIOUS METALS CL A 1.11%

FKUSX FRANKLIN U S GOVT SECS CL A 0.76%

FKUTX FRANKLIN UTILITIES CL A 0.73%

FRBSX FRANKLIN BALANCE SHEET INVESTMENT CL A 0.95%

FRDPX FRANKLIN RISING DIVIDENDS CL A 0.92%

FRNRX FRANKLIN NATURAL RESOURCES CL A 1.14%

FRSTX FRANKLIN STRATEGIC INCOME CL A 0.88%

FRVLX FRANKLIN SMALL CAP VALUE CL A 1.12%

TCWAX TEMPLETON CHINA WORLD CL A 1.91%

TEDIX FRANKLIN MUTUAL GLOBAL DISCOVERY CL A 1.24%

TEDMX TEMPLETON DEVELOPING MARKETS CL A 1.57%

TEGOX TEMPLETON GLOBAL OPPTYS CL A 1.31%

TEMGX TEMPLETON GLOBAL SMALLER COMPANIES CL A 1.41%

TEMIX FRANKLIN MUTUAL EUROPEAN CL A 1.30%

TEMMX TEMPLETON EMERGING MKTS SMALL CAP CL A 1.98%

TEPLX TEMPLETON GROWTH CL A 1.07%

TEQIX FRANKLIN MUTUAL QUEST CL A 1.07%

TESIX FRANKLIN MUTUAL SHARES CL A 1.06%

TGTRX TEMPLETON GLOBAL TOTAL RETURN CL A 1.07%

TPINX TEMPLETON GLOBAL BOND CL A 0.93%

5%

Personal IRA at Ameriprise

Assets $50,783

FREEX FRANKLIN REAL ESTATE SECS CL A 1.00%

FRSGX FRANKLIN SMALL MID CAP GROWTH CL A .96%

TEBIX FRANKLIN MUTUAL BEACON CL A 1.09%

TEDIX FRANKLIN MUTUAL GLOBAL DISCOVERY CL A 1.24%

TEPLX TEMPLETON GROWTH CL A 1.07%

19%

Joint Taxable Account

Assets $177,334

FCEQX FRANKLIN FOCUSED CORE EQUITY CL A 1.25%

FGRAX FRANKLIN GROWTH OPPTYS CL A .94%

FKBAX FRANKLIN TOTAL RETURN CL A .91%

FKDNX FRANKLIN DYNATECH CL A .89%

FKGRX FRANKLIN GROWTH CL A .88%

FKINX FRANKLIN INCOME CL A .61%

FMIAX FRANKLIN MUTUAL INTL CL A 1.42%

FRDPX FRANKLIN RISING DIVIDENDS CL A .92%

FRNRX FRANKLIN NATURAL RESOURCES CL A 1.14%

FRSGX FRANKLIN SMALL MID CAP GROWTH CL A .96%

FRSTX FRANKLIN STRATEGIC INCOME CL A .88%

FRVLX FRANKLIN SMALL CAP VALUE CL A 1.12%

TEBIX FRANKLIN MUTUAL BEACON CL A 1.09%

TEDIX FRANKLIN MUTUAL GLOBAL DISCOVERY CL A 1.24%

TEMFX TEMPLETON FOREIGN CL A 1.22%

TEMIX FRANKLIN MUTUAL EUROPEAN CL A 1.3%

8%

Taxable Account Betterment

Assets $74,741.53

VTI: Vanguard Total Stock Market ETF .05%

VTV: Vanguard Value ETF .08%

VOE: Vanguard Mid-Cap Value ETF .08%

VBR: Vanguard Small-Cap Value ETF .08%

VEA: Vanguard FTSE Developed Markets .09%

VWO: Vanguard FTSE Emerging Markets .15%

MUB: iShares National AMT-Free Muni Bond ETF .25%

LQD: iShares iBoxx $ Investment Grade Corporate Bond ETF .15%

BNDX: Vanguard Total International Bond ETF .15%

EMB: iShares Emerging Markets USD Bond ETF .4%

3.3%

Scottrade Taxable

Assets $31,000

Facebook FB

17.8%

Employer 401(K) Match 6%

Assets 164,943

24.98% FID Growth CO K .77%

10.06% FID CONTRAFUND K .61%

10.04% MFS INTL VALUE R6 .66%

9.98% METWEST TOT RTN BD P .38%

9.97% FID SM CAP DISCOVERY 1.01%

7.97% VANG TOT BD MKT INST .05%

5.99% EAGLE MID CAP GRTH I .83%

5.03% GS MIDCAP VALUE INST .76%

4.99% AF EUROPAC GROWTH R6 .5%

4.99% FID LOW PRICED STK K .78%

4.96% FID REAL ESTATE INVS .78%

1.01% FID SMALL CAP VALUE 1.22%

Variable Life Insurance-RiverSource

Assets $200K

New Annual Contributions

401(K) Maxed $18K Match of 6%

$35K savings into taxable retirement

ESPP $28K Maxed

Questions:

1-Where should I invest at Vanguard? What funds would work best for me? I had a meeting with VPAS and am expecting their plan in two weeks.

2-Should I utilize the PAS service or should I set the plan myself and review quarterly?

3-Should I also meet with a Fee Only advisor as well.

4-My company now has a Roth option as well. Can I invest in both? Should I?

Thank you in advance,

EJ
Date: Jan 22, 2017   


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